China calls for 'de-Americanized' world

U.S. default fears prompts state-run media call

Published: 10/13/2013 at 11:14 PM

(TELEGRAPH) — The looming prospect of a US default on debt prompted China to call for the world to “de-Americanise”, amid warnings of a new global recession.

In China, Xinhua, the official government news agency, said that as American politicians continued to flounder over a deal to break the impasse, “it is perhaps a good time for the befuddled world to start considering building a de-Americanised world”.

The jibe came as Christine Lagarde, the International Monetary Fund chief, raised the spectre of a repeat of the 2008 financial crash as hopes dwindled for a resolution of the crisis over the debt ceiling and partial government shutdown.